Uber rival Careem closes $500M raise at $1B+ valuation as Daimler steps in

Amid ongoing fights at Uber, one of its stronger regional rivals in transportation on request has raised a significant round of funding, picking up a significant strategic investor in the process. Careem, a transportation startup presently in eighty cities across the Middle East, has raised another $150 million — closing out a $500 million Series E round that it confirmed in December when it announced the very first $350 million tranche. Contine reading →